FOR SALE OR LEASE - locationsmi.com · Trade Area Size 3.14sq mi 28.26sq mi 78.51sq mi Households Estimated Households (2016) 2,496 20,227 53,295 Projected Households (2021) 2,594

Property Details:

• Commercial office building for sale. Perfect for private office/practice or room for building expansion.

• Building is 800 Sq. Ft. Includes Kitchen, restroom & 3 private offices.• Lot is 60' X 200' with 60' frontage on Airport Rd.• Traffic Count: 15,000 ADT• Asking Price: $90,000• For Lease: $800/month

Property Address: 2574 Airport Rd, Waterford Twp., MI

FOR SALE OR LEASE

Disclosure: We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease of financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You your tax and legal advisors should conduct your own investigation of the property and transaction.

Contact: J. David Elwood Direct (248) 939-9974 Email: [email protected]

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334Office: (248) 516-7777

Price Reduced


Property Summary

• Commercial office building for sale. Perfect for private office/practice or room for building expansion.

• Building is 800 Sq. Ft. Includes kitchen, restroom & 3 private offices.

• Lot is 60' X 200' with 60' frontage on Airport Rd.

• Previously owner occupied and very well maintained.

• Located on Airport Rd., North of Hatchery Rd.

• Close proximity to Oakland Airport.

• Traffic Count: 15,000 ADT

• Asking Price: $90,000

• For Lease: $800/month

•


Complete Profile2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Demographic Source: Applied Geographic Solutions 04/2016, TIGER Geography page 1 of 5©2016, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2016 Estimates with 2021 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.6755/-83.4061RF5

2574 Airport Rd1 mi radius 3 mi radius 5 mi radius

Waterford Twp, MI 48329-3300

PopulationEstimated Population (2016) 6,407 48,201 129,555Projected Population (2021) 6,514 49,137 131,880Census Population (2010) 6,341 47,203 126,236Census Population (2000) 6,472 48,422 123,985Projected Annual Growth (2016 to 2021) 107 0.3% 936 0.4% 2,325 0.4%

Historical Annual Growth (2010 to 2016) 66 0.2% 998 0.4% 3,319 0.4%

Historical Annual Growth (2000 to 2010) -131 -0.2% -1,219 -0.3% 2,251 0.2%

Estimated Population Density (2016) 2,040 psm 1,705 psm 1,650 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2016) 2,496 20,227 53,295Projected Households (2021) 2,594 21,079 55,464Census Households (2010) 2,406 19,237 50,495Census Households (2000) 2,468 19,242 48,532Estimated Households with Children (2016) 826 33.1% 5,774 28.5% 16,036 30.1%

Estimated Average Household Size (2016) 2.53 2.36 2.39

Average Household IncomeEstimated Average Household Income (2016) $87,264 $73,634 $75,791Projected Average Household Income (2021) $100,804 $84,696 $87,848

Estimated Average Family Income (2016) $99,438 $86,895 $91,199

Median Household IncomeEstimated Median Household Income (2016) $77,952 $63,858 $64,502Projected Median Household Income (2021) $85,808 $70,174 $70,770

Estimated Median Family Income (2016) $88,255 $77,448 $80,194

Per Capita IncomeEstimated Per Capita Income (2016) $34,072 $30,975 $31,392Projected Per Capita Income (2021) $40,220 $36,408 $37,156Estimated Per Capita Income 5 Year Growth $6,148 18.0% $5,433 17.5% $5,764 18.4%

Estimated Average Household Net Worth (2016) $568,902 $466,623 $503,456

Daytime Demos (2016)Total Businesses 452 2,263 5,119Total Employees 4,298 17,656 46,520Company Headquarter Businesses 4 0.8% 6 0.3% 8 0.2%

Company Headquarter Employees 112 2.6% 196 1.1% 210 0.5%

Employee Population per Business 9.5 7.8 9.1Residential Population per Business 14.2 21.3 25.3




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Lat/Lon: 42.6755/-83.4061RF5



Race & EthnicityWhite (2016) 5,763 89.9% 43,456 90.2% 110,451 85.3%Black or African American (2016) 198 3.1% 1,832 3.8% 9,404 7.3%American Indian or Alaska Native (2016) 35 0.5% 178 0.4% 509 0.4%Asian (2016) 184 2.9% 979 2.0% 3,480 2.7%Hawaiian or Pacific Islander (2016) - - 12 - 21 - Other Race (2016) 86 1.3% 686 1.4% 2,390 1.8%Two or More Races (2016) 142 2.2% 1,058 2.2% 3,300 2.5%

Not Hispanic or Latino Population (2016) 6,035 94.2% 45,328 94.0% 120,623 93.1%Hispanic or Latino Population (2016) 372 5.8% 2,873 6.0% 8,932 6.9%Not Hispanic or Latino Population (2021) 6,039 92.7% 45,427 92.4% 120,479 91.4%Hispanic or Latino Population (2021) 475 7.3% 3,710 7.6% 11,401 8.6%Not Hispanic or Latino Population (2010) 6,004 94.7% 44,649 94.6% 118,324 93.7%Hispanic or Latino Population (2010) 338 5.3% 2,554 5.4% 7,912 6.3%Not Hispanic or Latino Population (2000) 6,291 97.2% 46,781 96.6% 119,122 96.1%Hispanic or Latino Population (2000) 182 2.8% 1,641 3.4% 4,862 3.9%Projected Hispanic Annual Growth (2016 to 2021) 104 5.6% 838 5.8% 2,469 5.5%Historic Hispanic Annual Growth (2000 to 2016) 190 6.5% 1,231 4.7% 4,070 5.2%

Age Distribution (2016)Age Under 5 382 6.0% 2,684 5.6% 7,664 5.9%Age 5 to 9 Years 381 5.9% 2,554 5.3% 7,457 5.8%Age 10 to 14 Years 422 6.6% 2,839 5.9% 8,045 6.2%Age 15 to 19 Years 415 6.5% 3,018 6.3% 8,584 6.6%Age 20 to 24 Years 414 6.5% 3,167 6.6% 8,558 6.6%Age 25 to 29 Years 379 5.9% 2,876 6.0% 7,990 6.2%Age 30 to 34 Years 479 7.5% 3,160 6.6% 8,366 6.5%Age 35 to 39 Years 460 7.2% 3,142 6.5% 8,340 6.4%Age 40 to 44 Years 417 6.5% 3,126 6.5% 8,584 6.6%Age 45 to 49 Years 430 6.7% 3,331 6.9% 9,078 7.0%Age 50 to 54 Years 463 7.2% 3,721 7.7% 9,902 7.6%Age 55 to 59 Years 451 7.0% 3,651 7.6% 9,638 7.4%Age 60 to 64 Years 355 5.5% 3,133 6.5% 8,213 6.3%Age 65 to 74 Years 512 8.0% 4,476 9.3% 11,374 8.8%Age 75 to 84 Years 251 3.9% 2,235 4.6% 5,225 4.0%Age 85 Years or Over 196 3.1% 1,088 2.3% 2,537 2.0%Median Age 38.3 40.4 39.1

Gender Age Distribution (2016)Female Population 3,229 50.4% 24,387 50.6% 65,576 50.6%

Age 0 to 19 Years 765 23.7% 5,289 21.7% 15,183 23.2%Age 20 to 64 Years 1,902 58.9% 14,625 60.0% 39,511 60.3%Age 65 Years or Over 562 17.4% 4,473 18.3% 10,882 16.6%

Female Median Age 39.8 41.8 40.4

Male Population 3,178 49.6% 23,814 49.4% 63,979 49.4%Age 0 to 19 Years 835 26.3% 5,806 24.4% 16,567 25.9%Age 20 to 64 Years 1,946 61.2% 14,682 61.7% 39,157 61.2%Age 65 Years or Over 397 12.5% 3,326 14.0% 8,254 12.9%

Male Median Age 36.8 39.1 37.9




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Lat/Lon: 42.6755/-83.4061RF5



Household Income Distribution (2016)HH Income $200,000 or More 156 6.3% 990 4.9% 2,957 5.5%HH Income $150,000 to $199,999 149 6.0% 898 4.4% 2,887 5.4%HH Income $100,000 to $149,999 470 18.9% 3,066 15.2% 8,132 15.3%HH Income $75,000 to $99,999 452 18.1% 3,274 16.2% 7,291 13.7%HH Income $50,000 to $74,999 544 21.8% 4,163 20.6% 10,051 18.9%HH Income $35,000 to $49,999 263 10.6% 2,487 12.3% 7,064 13.3%HH Income $25,000 to $34,999 128 5.1% 1,570 7.8% 4,799 9.0%HH Income $15,000 to $24,999 174 7.0% 1,973 9.8% 5,049 9.5%HH Income Under $15,000 159 6.4% 1,806 8.9% 5,066 9.5%

HH Income $35,000 or More 2,035 81.5% 14,877 73.6% 38,381 72.0%HH Income $75,000 or More 1,228 49.2% 8,228 40.7% 21,267 39.9%

Housing (2016)Total Housing Units 2,598 21,079 55,525Housing Units Occupied 2,496 96.1% 20,227 96.0% 53,295 96.0%

Housing Units Owner-Occupied 2,087 83.6% 15,434 76.3% 38,533 72.3%Housing Units, Renter-Occupied 408 16.4% 4,792 23.7% 14,762 27.7%

Housing Units, Vacant 102 3.9% 853 4.0% 2,230 4.0%

Marital Status (2016)Never Married 1,569 30.0% 11,321 28.2% 32,043 30.1%Currently Married 2,529 48.4% 19,580 48.8% 51,202 48.1%Separated 117 2.2% 1,132 2.8% 3,110 2.9%Widowed 213 4.1% 2,764 6.9% 6,538 6.1%Divorced 794 15.2% 5,328 13.3% 13,496 12.7%

Household Type (2016)Population Family 5,411 84.4% 38,945 80.8% 104,458 80.6%Population Non-Family 911 14.2% 8,800 18.3% 22,970 17.7%Population Group Quarters 85 1.3% 456 0.9% 2,127 1.6%

Family Households 1,745 69.9% 12,956 64.1% 34,280 64.3%Non-Family Households 751 30.1% 7,271 35.9% 19,015 35.7%Married Couple with Children 556 22.0% 3,846 19.6% 10,492 20.5%Average Family Household Size 3.1 3.0 3.0

Household Size (2016)1 Person Households 611 24.5% 5,985 29.6% 15,700 29.5%2 Person Households 838 33.6% 6,938 34.3% 17,946 33.7%3 Person Households 461 18.5% 3,255 16.1% 8,454 15.9%4 Person Households 363 14.6% 2,604 12.9% 7,011 13.2%5 Person Households 151 6.0% 964 4.8% 2,839 5.3%6 or More Person Households 72 2.9% 481 2.4% 1,345 2.5%

Household Vehicles (2016)Households with 0 Vehicles Available 116 4.6% 919 4.5% 2,776 5.2%Households with 1 Vehicles Available 594 23.8% 6,602 32.6% 17,710 33.2%Households with 2 or More Vehicles Available 1,786 71.6% 12,706 62.8% 32,809 61.6%

Total Vehicles Available 5,006 38,248 98,463Average Vehicles Per Household 2.0 1.9 1.8




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Lat/Lon: 42.6755/-83.4061RF5



Labor Force (2016)Estimated Labor Population Age 16 Years or Over 5,147 39,513 104,621Estimated Civilian Employed 3,412 66.3% 24,794 62.7% 65,205 62.3%Estimated Civilian Unemployed 100 1.9% 1,185 3.0% 3,405 3.3%Estimated in Armed Forces - - - - 21 - Estimated Not in Labor Force 1,634 31.8% 13,535 34.3% 35,990 34.4%Unemployment Rate 1.9% 3.0% 3.3%

Occupation (2010)Occupation: Population Age 16 Years or Over 3,108 21,656 56,758Management, Business, Financial Operations 429 13.8% 2,945 13.6% 7,958 14.0%Professional, Related 678 21.8% 4,359 20.1% 12,301 21.7%Service 559 18.0% 3,823 17.7% 9,855 17.4%Sales, Office 786 25.3% 5,887 27.2% 15,504 27.3%Farming, Fishing, Forestry 4 0.1% 19 0.1% 71 0.1%Construct, Extraction, Maintenance 268 8.6% 1,930 8.9% 4,677 8.2%Production, Transport Material Moving 386 12.4% 2,693 12.4% 6,392 11.3%

White Collar Workers 1,892 60.9% 13,191 60.9% 35,763 63.0%Blue Collar Workers 1,216 39.1% 8,465 39.1% 20,995 37.0%

Consumer Expenditure (2016)Total Household Expenditure $161 M $1.15 B $3.08 B

Total Non-Retail Expenditure $87.6 M 54.5% $625 M 54.3% $1.67 B 54.3%Total Retail Expenditure $73.0 M 45.5% $526 M 45.7% $1.41 B 45.7%

Apparel $5.62 M 3.5% $40.0 M 3.5% $107 M 3.5%Contributions $7.10 M 4.4% $49.4 M 4.3% $135 M 4.4%Education $6.02 M 3.7% $41.5 M 3.6% $114 M 3.7%Entertainment $9.09 M 5.7% $64.7 M 5.6% $173 M 5.6%Food and Beverages $23.4 M 14.5% $169 M 14.7% $450 M 14.6%Furnishings and Equipment $5.65 M 3.5% $39.8 M 3.5% $107 M 3.5%Gifts $4.04 M 2.5% $28.3 M 2.5% $76.9 M 2.5%Health Care $12.6 M 7.8% $92.4 M 8.0% $246 M 8.0%Household Operations $4.69 M 2.9% $32.7 M 2.8% $88.5 M 2.9%Miscellaneous Expenses $2.34 M 1.5% $17.0 M 1.5% $45.3 M 1.5%Personal Care $2.09 M 1.3% $15.0 M 1.3% $39.9 M 1.3%Personal Insurance $1.22 M 0.8% $8.47 M 0.7% $23.0 M 0.7%Reading $358 K 0.2% $2.56 M 0.2% $6.85 M 0.2%Shelter $33.1 M 20.6% $237 M 20.6% $636 M 20.6%Tobacco $936 K 0.6% $7.06 M 0.6% $18.6 M 0.6%Transportation $30.6 M 19.1% $220 M 19.1% $584 M 19.0%Utilities $11.8 M 7.3% $86.3 M 7.5% $229 M 7.5%

Educational Attainment (2016)Adult Population Age 25 Years or Over 4,393 33,939 89,246Elementary (Grade Level 0 to 8) 116 2.6% 735 2.2% 2,092 2.3%Some High School (Grade Level 9 to 11) 251 5.7% 1,911 5.6% 5,088 5.7%High School Graduate 1,193 27.2% 9,721 28.6% 23,968 26.9%Some College 1,113 25.3% 8,739 25.7% 21,938 24.6%Associate Degree Only 315 7.2% 3,325 9.8% 8,578 9.6%Bachelor Degree Only 733 16.7% 6,055 17.8% 16,945 19.0%Graduate Degree 673 15.3% 3,453 10.2% 10,637 11.9%




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Lat/Lon: 42.6755/-83.4061RF5



Units In Structure (2010)1 Detached Unit 2,209 91.8% 15,189 79.0% 37,029 73.3%1 Attached Unit 8 0.3% 866 4.5% 2,446 4.8%2 to 4 Units 44 1.8% 518 2.7% 1,425 2.8%5 to 9 Units 65 2.7% 638 3.3% 2,726 5.4%10 to 19 Units 2 0.1% 1,050 5.5% 2,782 5.5%20 to 49 Units 3 0.1% 427 2.2% 1,090 2.2%50 or More Units 58 2.4% 361 1.9% 1,413 2.8%Mobile Home or Trailer 18 0.7% 189 1.0% 1,583 3.1%Other Structure - - - - - -

Homes Built By Year (2010)Homes Built 2005 or later 71 2.9% 391 2.0% 1,583 3.1%Homes Built 2000 to 2004 102 4.2% 940 4.9% 3,571 7.1%Homes Built 1990 to 1999 421 17.5% 2,932 15.2% 7,978 15.8%Homes Built 1980 to 1989 163 6.8% 1,874 9.7% 5,407 10.7%Homes Built 1970 to 1979 331 13.8% 2,710 14.1% 8,072 16.0%Homes Built 1960 to 1969 332 13.8% 2,721 14.1% 6,178 12.2%Homes Built 1950 to 1959 574 23.9% 4,491 23.3% 9,358 18.5%Homes Built Before 1949 413 17.2% 3,179 16.5% 8,349 16.5%

Home Values (2010)Home Values $1,000,000 or More 7 0.3% 82 0.6% 237 0.6%Home Values $500,000 to $999,999 31 1.5% 317 2.1% 933 2.5%Home Values $400,000 to $499,999 33 1.6% 294 2.0% 899 2.4%Home Values $300,000 to $399,999 92 4.6% 632 4.2% 2,030 5.5%Home Values $200,000 to $299,999 257 12.7% 2,389 16.0% 6,380 17.2%Home Values $150,000 to $199,999 533 26.3% 3,761 25.2% 8,273 22.3%Home Values $100,000 to $149,999 531 26.2% 3,654 24.4% 7,886 21.3%Home Values $70,000 to $99,999 235 11.6% 1,746 11.7% 4,369 11.8%Home Values $50,000 to $69,999 107 5.3% 881 5.9% 2,276 6.1%Home Values $25,000 to $49,999 117 5.8% 646 4.3% 1,883 5.1%Home Values Under $25,000 82 4.0% 545 3.6% 1,916 5.2%Owner-Occupied Median Home Value $143,635 $150,246 $152,518Renter-Occupied Median Rent $654 $682 $674

Transportation To Work (2010)Drive to Work Alone 2,454 81.4% 18,000 85.0% 47,297 85.5%Drive to Work in Carpool 385 12.8% 2,095 9.9% 4,913 8.9%Travel to Work by Public Transportation 7 0.2% 53 0.3% 213 0.4%Drive to Work on Motorcycle 18 0.6% 31 0.1% 37 0.1%Walk or Bicycle to Work 20 0.7% 228 1.1% 690 1.2%Other Means 1 - 117 0.6% 356 0.6%Work at Home 130 4.3% 653 3.1% 1,817 3.3%

Travel Time (2010)Travel to Work in 14 Minutes or Less 549 19.0% 4,452 21.7% 10,817 20.2%Travel to Work in 15 to 29 Minutes 872 30.2% 6,773 33.0% 18,464 34.5%Travel to Work in 30 to 59 Minutes 1,147 39.8% 7,645 37.2% 19,435 36.3%Travel to Work in 60 Minutes or More 316 11.0% 1,654 8.1% 4,791 9.0%Average Minutes Travel to Work 28.8 26.2 26.2



Documents

FOR SALE OR LEASE - locationsmi.com · Trade Area Size 3.14sq mi 28.26sq mi 78.51sq mi Households Estimated Households (2016) 2,496 20,227 53,295 Projected Households (2021) 2,594